Irving Place Capital To Sell Victor Technologies To Colfax - Quick Facts

(RTTNews) - Irving Place Capital and Victor Technologies announced they have entered into a definitive agreement to sell Victor to Colfax Corp. (CFX), a global manufacturer of gas- and fluid-handling and fabrication technology products. The all cash transaction values Victor at approximately $947 million, including the assumption of debt.

Victor is a designer and manufacturer of a comprehensive suite of metal cutting, gas control, and specialty welding products. Irving Place Capital acquired Victor, which was previously named Thermadyne Holdings Corporation, in a take-private transaction in December 2010.

In conjunction with the transaction, Victor provided estimated financial information for the fiscal year ended December 31, 2013. On a pro forma basis, giving effect to the Gas-Arc acquisition as if it had occurred on January 1, 2013, net sales were approximately $500 million and adjusted EBITDA was approximately $100 million to $102 million.